Used primarily as an intermediate in organic synthesis, this chemical plays a crucial role in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active ingredients for herbicides and fungicides, where its unique structure allows for the introduction of specific functional groups that enhance efficacy. Additionally, it is employed in the synthesis of complex organic compounds, including dyes and specialty chemicals, where its reactivity with nucleophiles facilitates the formation of desired products. Its application in these fields underscores its importance in advancing chemical research and industrial processes.